Sec. 5010.
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Section 2606 of the Ukraine Supplemental Appropriations Act, 2022 (division N of Public Law 117–103 ) is amended as follows: in subsection (a), by striking and North Atlantic Treaty Organization
(NATO)allies and inserting , North Atlantic Treaty Organization
(NATO)allies, major non-NATO allies, and the Indo-Pacific region ; by striking $4,000,000,000 and inserting $8,000,000,000 ; and by striking , except that such rate may not be less than the prevailing interest rate on marketable Treasury securities of similar maturity ; and in subsection (b), by striking and NATO allies and inserting , NATO allies, major non-NATO allies, and the Indo-Pacific region; by striking “$4,000,000,000 and inserting $8,000,000,000 ; and by inserting at the end of the second proviso except for guarantees of loans by the Federal Financing Bank . Funds made available for the costs of direct loans and loan guarantees for major non-NATO allies and the Indo-Pacific region pursuant to section 2606 of division N of Public Law 117–103 , as amended by subsection (a), may only be made available from funds appropriated by this Act under the heading Foreign Military Financing Program and available balances from under such heading in prior Acts making appropriations for the Department of State, foreign operations, and related programs: That such funds may only be made available if the Secretary of State certifies and reports to the appropriate congressional committees, not less than 15 days prior to the obligation of such funds, that such direct loan or loan guarantee is in the national security interest of the United States, is being provided in response to exigent circumstances, is addressing a mutually agreed upon emergency requirement of the recipient country, and the recipient country has a plan to repay such loan: Provided, That not less than 60 days after the date of enactment of this Act, the Secretary of State shall consult with such committees on the implementation of this subsection. Provided further, Amounts repurposed pursuant to this section that were previously designated by the Congress as an emergency requirement pursuant to a concurrent resolution on the Budget are designated as an emergency requirement pursuant to section 251(b)(2)(A)(i) of the Balanced Budget and Emergency Deficit Control Act of 1985.
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